The EURCHF pair ended its bullish attack by hitting the minor bullish channel’s resistance at 1.1151, to notice the beginning of forming correctional rebound and settle near 1.1100, expecting to form new bearish waves as long as the current resistance remains intact, targeting 1.1050 level before recording any new positive target.
Also, stochastic reach to the overbought areas confirms getting rid of the frequent positive pressures and provides chances to start the correctional bearish attack until reaching the suggested target.
The expected trading range for today is between 1.1145 and 1.1050
The expected trend for today: Bearish